Forum Replies Created
Dean ,
that site is amazing and I use it on a regular basis.
There are a lot of people that owe that gentleman a pat on the back for the great work that’s been done.My home in Perth give me 0 headaches , matter of fact I left if got 18 months without an inspection and rent was always paid , but it’s not a practical wealth building strategy without taking on massive amounts of debt . I think the Aussie market has the potential for a correction.
Aussie in Detroit | Michigan Global Estates
http://www.michiganglobalestates.com
Email Me | Phone MeTruth , Honesty and Reliability.
Thanks for the reply Ivan ,
Unfortunately some people did rip of investors which has made my task a little bit harder but if I wanted easy I wouldn’t have moved to Detroit.
I live here , I don’t have a remote partner on the ground. This is full time.
I understand and take into account everything you but it still doesn’t change the fact that there is opportunity to blossom and succeed here.You paint a very glum picture of the city , of course there are some area’s that are no go zones in terms of investments but you are overlooking the great opportunities.
I’m here to invest and if someone wants advice on the market guess what ? they can pick up the phone and call me or shoot me an email. No hidden sales pitch and no hidden agenda.It’s free , and If I can’t answer the question I will find out.As soon as I see a seedy sales pitch where someone actively promotes ” Pay me for info ” guru stuff I instantly lose all interest them. Strongly detest such behavior.I digress…
There is no listings on the page as I’m not looking at selling at present – I’m still building a solid foundation which will enable me to succeed long term in Detroit and if someone would like to invest in Detroit I want to be able to provide sound advice and the best possible deals.
I’m not here to set up one day and be gone the next. I’m here to build a strong and trustworthy business. I didn’t move here from Australia to do the wrong thing.
With the exchange rate ( I think its around the long term historic rate ) the returns are still good on rents etc , who knows what the currency market will do.
There are many people that cash flow strongly in Detroit due to the fact that they have the right system in place. If you think that Australian property will continue to rise , that is your opinion.My Opinion is that the yield is low and the property overpriced and all gains are speculative.
Their are certain area’s in Detroit where the market has skyrocketed take EEV for instance or UVD.
Investing in Property we can control the location , the type of structure brought , we can mitigate the risk of tenant abuse and mismanagement of funds etc by relationship building with the stakeholders and due diligence of property managers etc.
Also , being from Perth when I say Detroit I mean Detroit and Detroit Metro also.Both have great opportunities.
Due Diligence and a strong team with a good system is the best chance at success.
Thanks
Aussie in Detroit | Michigan Global Estates
http://www.michiganglobalestates.com
Email Me | Phone MeTruth , Honesty and Reliability.
I wouldn’t consider my post solicitation but rather an introduction on me and what I am seeking to achieve. Is your logo not advertising?As is your signature.
Yes ” Our Ethos is trust , honesty and reliability” , what else could one ask for ? I’m doing the right thing and will do my best to uphold the ethos as I’m a genuine person.
You say Detroit is a poor investment but any market has the potential to be a poor investment if you do not put the right systems in place.
There are many good areas in Detroit to invest in , make no mistake I by no means plan to invest in 10k homes promising gigantic returns that have title issues , back taxes etc.I focus on the good and stable areas with solid structures in good community groups etc. There are many good deals to be found.
Do some simple math , I gather you are familiar with the market.If you have the right systems and people in place Detroit property outperforms Australian property for net return all day long and many other markets for that matter.
Redwood ,I am doing the wholesaling myself JV with a very well respected guy here on the ground- I actually go and view these homes day in day out and speak to sellers etc. It’s integral for me to be the best I possibly can be – I’m learning the ins and outs of each aspect of the market and my next step will becoming a licensed Realtor. I’m here to succeed and take advantage of the great opportunity that exists.
With great levels of due diligence and actually being here on the ground i think that puts me in the best position to decide what is a good deal and whats not.
If you wait for banks to pull the trigger you’ll always be behind the eight ball.
Have a good day
Aussie in Detroit | Michigan Global Estates
http://www.michiganglobalestates.com
Email Me | Phone MeTruth , Honesty and Reliability.
